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January 27, 2011

PayPal UK Cross Country Transactions :Infographic

The official PayPal UK blog, “Let’s Talk” has an interesting infographic up today that breaks down cross-border transactions across key global regions.he top exporter is China with 90% of the PayPal transactions being cross-border transactions.
The UK has a  22% cross-border transaction rate and,  trading partners being the rest  of Europe and the USA.

A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account.

PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It may also charge a fee for receiving money, proportional to the amount received. The fees depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type. In addition, eBay purchases made by credit card through PayPal may incur extra fees if the buyer and seller use different currencies
On October 3, 2002, PayPal became a wholly-owned subsidiary of eBay.Its corporate headquarters are in San Jose, California, United States at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Nebraska; Scottsdale, Arizona; and Austin, Texas in the U.S., Chennai, Dublin, Berlin (near Berlin) and Tel-Aviv. As of July 2007, across Europe, PayPal also operates as a Luxembourg-based bank.

On March 17, 2010, PayPal entered into an agreement with China UnionPay (CUP), China's bankcard association, to allow Chinese consumers to use PayPal to shop online.PayPal is planning to expand its workforce in Asia to 2,000 by the end of the year 2010.

Between December 4–9, 2010, PayPal services were distrupted due to denial-of-service attacks organized by Anonymous in retaliation to PayPal's decision to freeze the account of WikiLeaks citing terms of use violations over the publication of leaked US diplomatic cables